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MINERAL sands miner Base Resources has maintained yearly guidance and increased its net cash position to US$30.6 million after an unremarkable quarter of operations at Kwale in Kenya, with results in December from feasibility work on the new Toliara opportunity in Madagascar keenly awaited.

Michael Quinn
Kwale, Kenya

Kwale, Kenya

Base's net cash rose from $19.2 million at the end of September as the company ramped up operations from the new South Dune area at Kwale, with mining rates up strongly but output down due to the lower...

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